can give good momemtum aftre bullsih candelgo for long after the bulllsih candel
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Trade ideas
Infosys Q2 results based strategies INFOSYS Q2 RESULT BASED STRATEGIES
The IT heavyweight is scheduled to declare its results tomorrow. However, I am not sure at what time the results are likely to be declared so am creating the strategy now itself and have this post cum video explaining the basis on which I have created the strategy only for the purposes of tracking I have not taken a position. If I do take, I will let you know.
Infosys has been behaving in a very unusual manner for quite some time. Either it goes up quickly and then abruptly falls and then goes in to a drifting mode then leading to consolidation. I have traded Long Only options in the scrip and have gained good ROI. However, for the last few weeks I have stayed away from all IT scrips in Options as the behavior is not something that I like to trade.
Infosys Spot is at 1673 when I am writing this post so my strategies would be based on the same. Please watch the video to know the workings related to the strategy.
INFOSYS levels...12.10.2021 ( D candle)INFOSYS now in trendline...so trade carefully if its break downside then bearish hormonic pattern will activate
Infy to WatchToday Infosys just gave the breakout
today's closing matters
Buy should be at CMP tgt 1800-2000
Sell should below 1690 tgt 1600-1550-1400
Happy Trading
EMA - 50 Strong SupportInfosys will announce its earnings later in 2-3 days and is expected to follow along the lines of its peer TCS.
EMA 50 has always been a good support for the share and MACD hasnt seent he negative zone since March 20 market crash.
It will be interesting to see if the share rallies from here and mantains its EMA support or corrects a little more to meet its trend support.
infy symmetrical triangle pattern is emerginginfy symmetrical triangle pattern is emerging,see on chart
INFOSYS: IntradayPrice action analysis for Intraday Trading.
Price is consolidating in a parallel channel for quite a few days. From the lower side either there can be support or a fresh breakdown could give a good move.
INFY5.10.2021
1692.8
Price bouncing from 50 EMA and also the support level
Last 5 days average volume is more than average volume of last 20 days
SL can be 1655 and target 1788
RR is more than 2
Infy Views are for educational purpose only. Please consult your financial advisor before taking any trade.
Good for long term !! (Uptrend)Clearly infy now is in a correction to go according through the trendline
Indicators like MACD still shows a sell signal
volume is not suffienient enough currently seen to see a burst.
It may touch the trendline at somewhere around 1662 and see again a journey upside again.
Rsi indicator is currently 45 which may go upto or below 30, once touched the low levels fill your baskets as
LONG TERM trend is pure UPTREND.
Currently we say a rickshaw man doji at 27-sep-2021, since then we are seeing a bearish trend recently but wait for trend reversal at short term again !
INFOSYS <TA> analysis price ACTIONTGT for up >>1.>1678 / intraday tgt
>>2.>1719 / intraday tgt
>>3.>1745 / go for swing
>>4.>1788 /swing
PROBABILITY ARE LESS TO BREAK ITS SUPPORT AND GO DOWNTREND
TGT for down
..1> 1643 /if break his current support / go for intraday
..2> 1611 / can be achive in intrraday if this break go for swingg
..3>1593 / swing
..4> 1533 / swing
Short term Swing trading opportunity in InfyShort term Swing trading opportunity in Infy
Reasons/Traits :
• Bearish Butterfly pattern formation yet to form
• Dark Cloud Cover candle formation seen today
• Symmetrical Wedge pattern formation is seen – Break out or Break down can happen in this formation for an intraday/short term swing trade
• Price is under 20 SMA with decreasing volume
What can happen next :
Scenario 1 : Uptrend can continue to complete Harmonic pattern and reach 1.27/1.618 levels ( 1735/1755/1780/1800/1815) post break out of the wedge pattern
Scenario 2 : Downtrend post break down of wedge pattern to reach 1675/1660/1650/1620 levels or till 50 SMA is touched and can take support there
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
